$BTC Breaks Key Resistance – Is $100K the Next Stop?

Bitcoin just smashed through its critical resistance level at $70K, signaling a potential new bullish phase as institutional inflows surge. With spot BTC ETFs seeing record demand and the halving supply shock now in full effect, analysts are revising their year-end targets upward. The $BTC chart shows a textbook breakout pattern, with the next major psychological barrier at $80K before a potential run toward six figures.

What's driving this momentum? Macro uncertainty is pushing both retail and institutional investors toward Bitcoin as a hedge, while miner selling pressure has notably decreased post-halving. Derivatives data reveals healthy open interest growth without excessive leverage – the ideal setup for sustainable upside.

As always with $BTC, volatility remains likely, but the technical and fundamental alignment suggests this rally has staying power. The king of crypto appears ready to reclaim its throne.